Market

IGL shares down 1.96% as Nifty gains


NEW DELHI: Shares of Indraprastha Gas Ltd. traded 1.96 per cent down in Monday’s trade at 12:08PM (IST). Around 141,032 shares changed hands on the counter.

The stock opened at Rs 480.0 and touched an intraday high and low of Rs 480.0 and Rs 462.5, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 388.5.

As per BSE, the total market cap of the Indraprastha Gas Ltd. stood at Rs 33390.04 crore at the time of writing this report.




Key Financials

The company reported consolidated net sales of Rs 1410.32 crore for the quarter ended 30-Jun-2021, down 18.87 per cent from previous quarter’s Rs 1738.3 crore and down 110.75 per cent from the year-ago quarter’s Rs 669.2 crore.

The net profit for latest quarter stood at Rs 277.95 crore, up 690.08 per cent from the corresponding quarter last year.

Shareholding pattern

As of 30-Sep-2021, domestic institutional investors held 9.63 per cent stake in the company, while foreign institutional investors held 21.88 per cent and the promoters 45.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 23.59 and a price-to-book ratio of 5.64. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.



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